Offshore Company Formation - It is legal in 2017

This video explains the actual legal situation regarding offshore companies. You learn how to keep your legal offshore company legal and accepted by the tax authorities.

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The classic offshore company has no staff and no office space. It is a pure investment vehicle to have your bank account in the name of your company and not in your name. The classic offshore company was used to hide and keep untaxed money outside of the influence of your country of residence. It was a business model used by Swiss banks and agencies for decades. Now it’s over. It is not anymore possible to pay zero taxes. The AEI has abolished the classic use of an offshore company.

More than 100 nations have agreed in Berlin 2014 to exchange sensitive client information according to the Common Reporting Standard. In Switzerland it is impossible to open a bank account with an offshore company if the money is not tax compliant. It is illegal in Switzerland to maintain untaxed money. The Swiss bankers are receiving a bonus, if they can convince a client to participate to a Voluntary Disclosure Program and legalize the Swiss bank account.

The offshore company itself is not illegal, but it is impossible to open a bank account with your offshore company. Do not trust corporate services agencies offering offshore companies with Swiss bank accounts. It will not work. It is impossible to cheat the taxman with the classic offshore company. It is 100% legal to set up a company – for example in Malta - and provide the company with staff members and office space.

If you do real business in Malta, you need a real company in Malta. The taxation in Malta is very competitive. In Malta you pay 5% taxes only. That’s not bad. It is 100% legal to set-up a company in Malta and pay taxes of 5% only. The tax efficient setup in Malta is not that simple. You need qualified advice to set up a tax-efficient structure which is accepted by the tax authorities and not product pushers. Do not trust the offshore company agencies.

They are not tax expert. The wrong structure can cost you a lot of money if you do mistakes with your setup. We will open your bank accounts and present the new structure to the banks. If you are an international business man and you want to save taxes and mitigate your tax impact, just pick up the phone now and give me a call on the number on the caption below. Our structures will work, and you save taxes legally. Our structures are widely accepted. Be rich and remain rich. Have a wonderful day.